Keeping good records allows you to learn from your trades and stop repeating mistakes.

Session One: Good records include much more than dates and prices, but keeping them should be easy, no more than 30 minutes after a day of trading. First, we must input our data in a meaningful way. Next, we need to analyze and draw lessons from it to become a strong traderDr. Elder writes in The New Trading for a Living, “Show me a trader with good records, and I’ll show you a good trader”.

Session Two: here you learn how to analyze the data in your Trade Journal to discover your weaknesses and find where you need to focus your attention to improve as a trader. You will clearly see what is working and, more importantly, not working in your trading and what needs to be fixed.

As always, the recording of this class includes a PDF of the presentation.

SpikeTrade is a community of traders, led by Dr. Alexander Elder and Kerry
Lovvorn. We focus on swing trading and day-trading, using multiple trading
strategies and tactics, such as trend trading, countertrend trading,
breakouts and reversals. Members compete and freely share stock picks using
SpikeTrade Trade Plans and Trade Journal.